Form 4: Capital Bancorp CEO Edward Barry Reports Stock Transactions
SEC Form 4 Filing
CEO Edward Barry reports the vesting and subsequent sale of restricted stock units, along with associated tax withholding, affecting his holdings in Capital Bancorp Inc.
Summary
- Edward Barry, CEO of Capital Bancorp Inc., reported several transactions involving the company's stock on February 15, 2025.
- These transactions included the vesting of restricted stock units (RSUs) and the subsequent sale of shares to cover tax obligations.
- Specifically, 3,165, 2,572, and 2,803 RSUs vested, each representing the right to receive one share of common stock.
- Following the vesting, 1,100, 771, and 844 shares were sold at a price of $31.87 to satisfy tax withholding requirements.
- After these transactions, Barry directly owns 139,434 shares of common stock and indirectly owns 220,004 shares through his spouse.
- He also holds options for 59,721 shares at various exercise prices and expiration dates.
Sentiment
Score: 5
Explanation: The document is a routine disclosure of stock transactions by a company executive, with no inherent positive or negative sentiment.
Industry Context
Form 4 filings are standard practice and provide transparency into the trading activities of company insiders, which can be a signal to investors.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in the CEO's holdings, but the impact is likely minimal given the nature of the transactions.
Key Dates
| Date | Description |
|---|---|
| 01/01/2022 | Stock Options vest in four equal annual installments beginning on this date and expire 01/01/2026. |
| 02/15/2023 | Restricted Stock Unit will vest in three equal annual installments beginning on this date. |
| 12/31/2022 | Stock Options vest in four equal annual installments beginning on this date and expire 12/31/2026. |
| 02/15/2024 | Restricted Stock Unit will vest in three equal annual installments beginning on this date. |
| 01/01/2024 | Stock Options vest in four equal annual installments beginning on this date and expire 01/01/2028. |
| 01/01/2025 | Stock Options vest in four equal annual installments beginning on this date and expire 01/01/2029. |
| 02/15/2025 | Date of the reported transactions, including vesting of RSUs and sale of shares for tax obligations; Restricted Stock Unit will vest in three equal annual installments beginning on this date. |
| 02/19/2025 | Date of the form's signature. |
Keywords
Form 4, Beneficial Ownership, Stock Options, Restricted Stock Units, Capital Bancorp, Edward Barry, CBNK, SEC Filing
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